IMF: Loan Shark or Savior?? This You NEED To KNOW!!
I am sure that you have all no doubt heard about the IMF. That intergovernmental organisation that seems to be on mission as the world's "lender of last resort".
Well, in the video today, I’m going to tell you everything you need to know about how the IMF operates and how, at times, it has received such a bad rep throughout history.
The IMF was founded in 1944 with the goal of managing the global regime of exchange rates and international payments, as well as facilitating global trade. On paper, this is great. However, the Fund has been scrutinised time and time again due to its overly restrictive lending policies and for its alleged favouritism towards the world’s most advanced economic regions.
Be it during the Latin American, Asian or sub-Saharan African crises, the IMF appears to have always executed on its vision in a seemingly biased fashion.
For instance, some of the largest loans in the history of the IMF were given to European countries during the European sovereign debt crisis, with Greece, Portugal and Ireland receiving absurd amounts of cash from Fund. Pots of cash that perhaps should have been destined for countries in dire need of development.
So, if this sounds like your cup of team, join me as I dive deep into the worst controversies in the history of the IMF!
⛓️ 🔗 Useful Links 🔗 ⛓️
IMF Official Website: https://www.imf.org/en/Home
The Bretton Wood Conference: https://www.britannica.com/event/Bret...
IMF’s Accountability: https://www.imf.org/external/about/go...
The IMF And The Greek Crisis: https://www.imf.org/en/News/Articles/...
The IMF And The Asian Crisis: https://www.imf.org/en/News/Articles/...
The IMF, Austerity And The Latin American Crisis: https://www.jstor.org/stable/3992173
The IMF In Sub-Saharan Africa: https://www.imf.org/en/News/Articles/...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.